Subject: Smallcap Discoveries: Weekly Update July 20-24

Smallcap Discoveries:
Weekly Update - July 20-24
Smallcap Discoveries Select Portfolio
Immunoprecise Antibodies (IPA-TSX.V)

Atlas Engineered Products (AEP-TSX.V)

  • Completed the acquisition of Trusstem Industries Inc.
  •  $350,000 in cash, with 50% of the purchase price paid on closing, and the remaining 50% payable equal monthly installments over 3 years.
  • The new operations will be rebranded under the Novum name, meaning 'new and innovative' and located in Abbotsford, British Columbia 
  • Press Release: https://tinyurl.com/y6fktzvp

Spectra Products Inc (SSA-TSX.V)

RIWI Corp (RIW-CSE)
  • RIWI announced its listing the Company's common shares on the TSX-V
  • New symbol - RIWI
  • Begins trading on July 27th
  • Press Release: https://tinyurl.com/y6rqh2yy
  • Insider Selling
  • 8,400 shares by BP Capital
Smallcap Discoveries Watchlist
MediaValet Inc (MVP-TSX.V)
  • Received analyst coverage by Eight Capital
  • Buy target of $3.00
  • Analysts - Suthan Sukumar & Adhir Kadve
  • Won the 2020 Microsoft Canada AI & Machine Learning IMPACT Award
  • Press Release: https://tinyurl.com/yyyclbbn

Alphinat Inc (NPA-TSX.V)

  • Announced Q3 2020
  • Revenues of $449,516 - an increase of 47%
  • Net profit of $110,960
  • 9-month revenues of $1.14M
  • 9-month net profit of $93,475
  • Press Release: https://tinyurl.com/y3qr22yj

Novra Technologies (NVI-TSX.V)

  • Received a new order valued at $2.2M
  • The order is expected to be delivered between Q4 of 2020 and early 2021,
  • Press Release: https://tinyurl.com/yy3j66sh

Gatekeeper Systems (GSI-TSX.V)

  • Entered into a revolving credit facility TD Bank for up to CAD $3 million
  • An interest rate of prime plus 0.85% per annum
  • Press Release: https://tinyurl.com/y2xhqbny

Sangoma Technologies (STC-TSX.V)

  • Announces upsized $70 Million Underwritten Public Offering
  • 30,440,000 Common Shares at $2.30 per Common Share
  • The net proceeds of the Offering shall be used to fund any future acquisitions, for debt repayment, and for general corporate purposes.
  • Press Release: https://tinyurl.com/yy24dtal

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